Company type | Public |
---|---|
Nasdaq: IOTS | |
Industry | |
Founded | 2006 |
Headquarters | Santa Clara, California, U.S. |
Area served | Worldwide |
Key people | |
Products | |
Revenue | US$ 83.49 million (2018) |
US$ -11.26 million (2018) | |
US$ -21.44 million (2018) | |
Total assets | US$ 137.19 million (2018) |
Total equity | US$ 62.74 million (2018) |
Number of employees | 265 [1] |
Parent | Dialog Semiconductor |
Website |
www |
Adesto Technologies is an American corporation founded in 2006 and based in Santa Clara, California. [2] The company provides application-specific semiconductors and embedded systems for the Internet of Things (IoT), [3] [4] and sells its products directly to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) that manufacture products for its end customers. [5] [6] In 2020, Adesto was bought by Dialog Semiconductor. [7]
Adesto Technologies was founded by Narbeh Derhacobian, Shane Hollmer, and Ishai Naveh in 2006. [8] [9] Derhacobian formerly served in senior technical and managerial roles at AMD, Virage Logic, and Cswitch Corporations. [2] The company developed a non-volatile memory based on the movement of copper ions in a programmable metallization cell technology licensed from Axon Technologies Corp., a spinoff of Arizona State University. [10] [11]
In October 2010, Adesto acquired intellectual property and patents related to Conductive Bridging Random Access Memory (CBRAM) technology from Qimonda AG, and their first CBRAM product began production in 2011. [12]
In 2015, the company held an initial public offering under the symbol IOTS, which entered the market at $5 per share. Underwriters included Needham & Company, Oppenheimer & Co. Inc., and Roth Capital Partners. [13] [14] The entire offering was valued at $28.75 million. [14]
Between May and September 2018, Adesto completed two acquisitions of S3 Semiconductors and Echelon Corporation. In May, the company acquired S3 Semiconductors, a provider of analog and mixed-signal ASICs and Intellectual Property (IP) cores. [3] In June, the company announced its intention to buy Echelon Corporation, a home and industrial automation company, for $45 million. [14] The acquisition was completed three months later. [15] The company's offerings were expanded to include ASICs and IP from S3 Semiconductors and embedded systems from Echelon Corporation, [16] in addition to its original non-volatile memory (NVM) products. [17]
In 2018 Adesto started a cooperation with the University of California San Diego in order to explore the possibility for calculations to be made directly in the memory. [18]
In 2020, Adesto was acquired by Dialog Semiconductor, a company headquartered in Reading, United Kingdom, for $500 million. [7]